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111
Feb 9, 2013
02/13
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it's been on debt ceilings, budgets, deadlines and negotiations. all of this is extremely important because i don't think there's any substitute for getting our fiscal house in order. there's no greater moral imperative than to reduce the mountain of debt that's facing us, our children and theirs. and our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing this country. but today i'd like to focus really on what lies beyond the fiscal debate. over the next two years, our house majority will pursue an agenda that is based on a shared vision of creating the conditions of health, happiness and prosperity for more americans and their families. and to restrain washington from interfering in those pursuits. we'll advance proposals aimed at producing results in areas like education, health care, innovation and job growth. our solutions will be based on the conservative presence of self-reliance, faith in the individual, trust in family and accountability in government. our goal is
it's been on debt ceilings, budgets, deadlines and negotiations. all of this is extremely important because i don't think there's any substitute for getting our fiscal house in order. there's no greater moral imperative than to reduce the mountain of debt that's facing us, our children and theirs. and our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing this country. but today i'd like to focus really on what lies...
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74
Jan 15, 2013
01/13
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the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotiations are looming. would you characterize that as an additional cliff that is facing us? or do you think it
the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in...
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Oct 7, 2013
10/13
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of the debt ceiling. it is our view, as i think both those officials stated this morning, that since the whole argument is to remove uncertainty, the uncertainty created by the threat of default, the threat of not raising the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which is raise it so that the united states can continue to pay its bills and continue to ensure that the world knows we are good to our word and we fulfill our obligations, and when it comes up again, our position will still be, we will not negotiate over congress's responsibility is to pay the bills t
of the debt ceiling. it is our view, as i think both those officials stated this morning, that since the whole argument is to remove uncertainty, the uncertainty created by the threat of default, the threat of not raising the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to...
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Oct 12, 2013
10/13
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MSNBC
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if we fool around and screw around the way we are with this debt ceiling, if we breach the debt ceiling, we are sacrificing in a matter of days hundreds of years of what we've built up in that regard. >> elahe, because of that? >> it sounds hyperbolic, but i really mean what i'm saying. >> because of that, paul krugman wrote this week, they are forcing the president into doing something illegal, not protect the full faith and credit of the u.s., or raise the debt ceiling without their approval. when krugman says it, one way or another, the president could simply choose to defy congress and ignore the debt ceiling, wouldn't this also be breaking the law? maybe, maybe not, opinions differ, but not making good on resolutions also break the law. and why not choose the one that hurts america the least? krugman is saying, if you have to, raise that sucker on your own. >> going back to the other point about the deniers, this actually isn't a new sentiment. this goes back to even 2011, there were republicans on the hill saying, well, the debt ceiling not passing, that doesn't mean we're necessa
if we fool around and screw around the way we are with this debt ceiling, if we breach the debt ceiling, we are sacrificing in a matter of days hundreds of years of what we've built up in that regard. >> elahe, because of that? >> it sounds hyperbolic, but i really mean what i'm saying. >> because of that, paul krugman wrote this week, they are forcing the president into doing something illegal, not protect the full faith and credit of the u.s., or raise the debt ceiling...
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Jan 10, 2013
01/13
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MSNBCW
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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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Feb 5, 2013
02/13
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you know, in washington over the past few months, our attention has been a cliff, ma on debt ceiling, budgets, deadlines, negotiations. all of this is extremely important because i don't think there's any substitute for getting our fiscal house in order. there's no greater moral imperative than to reduce the mountain of debt that is facing us, our children, and theirs. and are house republican majority stands ready for the president and his party to join us in tackling the big problems facing this country. but today, i'd like to focus really on what lies beyond fiscal debate. and over the next two years, our house majority will pursue an agenda that is based on a shared vision of creating the conditions of health, happiness, and prosperity for more americans and their family. and to restrain washington from interfering in those pursuits. we will advance proposals aimed at producing results in areas like education, health care, innovation, and job growth. our solutions will be based on the conservative principles of self-reliance, faith in the individual, trusting family, and accountab
you know, in washington over the past few months, our attention has been a cliff, ma on debt ceiling, budgets, deadlines, negotiations. all of this is extremely important because i don't think there's any substitute for getting our fiscal house in order. there's no greater moral imperative than to reduce the mountain of debt that is facing us, our children, and theirs. and are house republican majority stands ready for the president and his party to join us in tackling the big problems facing...
75
75
Oct 15, 2013
10/13
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CSPAN
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eye 75
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adjust the debt ceiling. then you put things on the bill if you can get your minimum on the bill that bill is going to pass. it's never been in the context of if i don't get my way we'll explode the economy. until two years ago when the republicans pulled the stunt and s&p downgrade our credit rating. about 45 times since the 1980's we've increased the debt ceiling. it's always been in the context of, of course the debt ceiling will be increased. this isn't like a credit card where you increase your credit limit so that you can spend more. we've already spent it. we have passed the spending bills. we've already spent the money. the question is whether we're going to pay the bills and if you're going to discuss fiscal responsibility, it ought not be -- it ought the time when you're deciding whether to spend the money. not after you spend it, whether you're going to pay the bills you've already incurred. we're discussing this debt ceiling while the government is shut down, shut down for what reason? started off
adjust the debt ceiling. then you put things on the bill if you can get your minimum on the bill that bill is going to pass. it's never been in the context of if i don't get my way we'll explode the economy. until two years ago when the republicans pulled the stunt and s&p downgrade our credit rating. about 45 times since the 1980's we've increased the debt ceiling. it's always been in the context of, of course the debt ceiling will be increased. this isn't like a credit card where you...
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Oct 10, 2013
10/13
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ok, we will vote to raise the debt ceiling. anypeople did not like raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce and a lot.1 trillion of synnex said, -- a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. anothersed to spend trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase. this is what is occurring. we have got to stand firm. adhere, at least, to the containment of the growth of spending that was in the budget control act. failure to do that is a in our promises to the american people, a total abandonment of any contention that we would be fiscally responsible. it is unthinkable that we would abandon the limits. the truth is, the sad truth is the budget control act reductions in the growth of spending do not come close to putting us on a firm financial footing. we are on an unsustainable debt course as our cbo has told us. we are seeing a reduction in the de
ok, we will vote to raise the debt ceiling. anypeople did not like raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce and a lot.1 trillion of synnex said, -- a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. anothersed to spend trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase....
71
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Oct 10, 2013
10/13
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and there's no concession on the debt ceiling. the debt ceiling needs to be lifted. they're not getting anything for that, and we haven't seen an offer for that. when we see an offer for that, we'll make a decision about that. >> i want to make a comment on that. democrats are prepared to make sure that the government pays policy, , but good good economics, and building confidence for the american people would be extending it for a substantial period of time so the markets will have the confidence of where we're going to be next week, next month, and next year, so that although i think the answer to your question is we're not going to vote against making sure that america pays its bills, we think it ought to be a longer term for the economy and the growth of jobs. jobs, after all, is really what we ought to be working on. >> how will you structure it to have the republican confidence that wants to give you what you want, that you truly would bargain in good faith over these other issues? >> wait a minute, wait a minute, we're giving them what they want. we want 986.
and there's no concession on the debt ceiling. the debt ceiling needs to be lifted. they're not getting anything for that, and we haven't seen an offer for that. when we see an offer for that, we'll make a decision about that. >> i want to make a comment on that. democrats are prepared to make sure that the government pays policy, , but good good economics, and building confidence for the american people would be extending it for a substantial period of time so the markets will have the...
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105
Feb 6, 2013
02/13
by
CSPAN2
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eye 105
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in washington, over the past few months, our attention has been on cliffs, debt ceilings, budgets, deadlines, and negotiations. all of this is extremely important. because i don't think there's any substitute for getting our fiscal house in order. there's no greater moral imperative than to reduce the mountain of debt that is facing us, our children, and theirs, and our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing this country. but today i'd like to focus on what lies beyond the fiscal debate. and over the next two years, our house majority will pursue an agenda that is based on a shared vision of creating the conditions of health, happiness, and prosperity, for more americans and their families. and to restrain washington from interfering in those pursuits. we'll advance proposals aimed at producing results in areas like education, health health, innovation, and job growth. our solutions will be based on the conservative principles of self-reliance, faith in the individual, trust in family, and accountability
in washington, over the past few months, our attention has been on cliffs, debt ceilings, budgets, deadlines, and negotiations. all of this is extremely important. because i don't think there's any substitute for getting our fiscal house in order. there's no greater moral imperative than to reduce the mountain of debt that is facing us, our children, and theirs, and our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing...
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126
Oct 11, 2013
10/13
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MSNBC
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eye 126
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they all got religion on the debt ceiling now. >> they got religion on the debt ceiling. i think part of that was both the koch brothers you were talking about last night. >> yeah, the letter from the koch brothers said it is necessary to raise the debt ceiling under the circumstances. >> we saw the markets starting to freak out. i think the business side started to kick in. they realize wow this is in issue. interestingly, the debt ceiling, even though it would be cat -- catastrophic. people feel that. even republican who you ask them. they hate the government. don't want government to do anything. until it is doing the thing they want tight do. so the more that you are seeing the stories. and these are local news stories on the headlines of the local hometown paper about the way that the government shutdown is affecting them and their neighbors. too toxic to continue. they're staring down at 2014, saying we thought it was impossible. but maybe it wasn't. awe off it's -- it is astonishing to me -- to, to watch them let it get this far. this polling has been creeping up o
they all got religion on the debt ceiling now. >> they got religion on the debt ceiling. i think part of that was both the koch brothers you were talking about last night. >> yeah, the letter from the koch brothers said it is necessary to raise the debt ceiling under the circumstances. >> we saw the markets starting to freak out. i think the business side started to kick in. they realize wow this is in issue. interestingly, the debt ceiling, even though it would be cat --...
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Oct 15, 2013
10/13
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ALJAZAM
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a lot of talk about ending the government shut down, and the deadlock over the debt ceiling. but still no deal. senator leaders are now saids to close to an agreement, the house republicans they have come up with their own plan which was swiftly rejected. joins us now live, what does it mean that the house republican party putting forward it's own plan, does that mean a deal. >> well, it's not a good sign, because we are seeing republicans talking about something different than the house. and they are bringing up issues that are all but forgotten. john boehner says no firm decisions have been made, but they are seeing details of a plan emerge, here is speaker baner. >> a lot of opinions about what direction to go. there have been no decisions about what exactly we will do. but we will continue to work with our members on both sides of the aisle, to try to make sure there's no issue of default, and to get our government reopened. >> house republicans met behind closed doors this morning and too many of them do not like what the senator was cooking up, so there's thissive vol n
a lot of talk about ending the government shut down, and the deadlock over the debt ceiling. but still no deal. senator leaders are now saids to close to an agreement, the house republicans they have come up with their own plan which was swiftly rejected. joins us now live, what does it mean that the house republican party putting forward it's own plan, does that mean a deal. >> well, it's not a good sign, because we are seeing republicans talking about something different than the house....
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91
Dec 18, 2013
12/13
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eye 91
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all attached to a debt ceiling inquiry. ceiling legislation is the time that brings us all together and get the president's attention, which with this president when it comes to reducing spending is a bit of a challenge. i cannot imagine it being done claim. we will have to see if the house once to add to it as a condition of passing it. host: harry reid and mitch inonnell, up for reelection 2014, yesterday weighing in on the next fight of raising the debt ceiling, which could happen in february when the treasury runs out of money to pay its bills. on the two-your budget deal, the washington times reports this -- there are a group of senators think it aired i daring cuts to retirement pay. post" reportsn on that -- inside the story they say according to house budget aides, it will reduce pay by almost six percent, by a man who enlisted at age 18 and retired age 38. 1.26ng him with one million instead of 1.24. this an issue that could be returned to in january. (this morning. democratic caller. what is on your mind. they did
all attached to a debt ceiling inquiry. ceiling legislation is the time that brings us all together and get the president's attention, which with this president when it comes to reducing spending is a bit of a challenge. i cannot imagine it being done claim. we will have to see if the house once to add to it as a condition of passing it. host: harry reid and mitch inonnell, up for reelection 2014, yesterday weighing in on the next fight of raising the debt ceiling, which could happen in...
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49
Dec 23, 2013
12/13
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CSPAN2
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eye 49
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ceiling to prioritize debt payments? >> the issue of whether or not that decision was made is fundamentally a presidential decision. >> i know. but have you as tissue i are secretary of your department requested for the office of legal council whether or not you can prioritize. >> i'm trying to answer your question. fundamentally a question between the white house, council and justice department. >> okay. let me point you to the fact that "huffington post" article from last week said the obama administration took the platinum point option more seriously than it let on. this idea you have a $1 trillion coin minted and depositive ited the fed and draw upon that, it is -- according to the "huffington post," the administration did ask office of legal council for this absurd idea to be judged whether or not it's legal. yet at the same time you will not say that you've asked whether or not you can prioritize the payments. that's deeply concerning to me. >> i'm prepared to discuss the politician on the issues. i don't disagree
ceiling to prioritize debt payments? >> the issue of whether or not that decision was made is fundamentally a presidential decision. >> i know. but have you as tissue i are secretary of your department requested for the office of legal council whether or not you can prioritize. >> i'm trying to answer your question. fundamentally a question between the white house, council and justice department. >> okay. let me point you to the fact that "huffington post"...
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Sep 19, 2013
09/13
by
ALJAZAM
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eye 154
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the second date, the debt ceiling limit. the speaker and republicans want to tie an increase in the debt ceiling to a reduction in domestic spending. here's what president obama has to say about that. >> you have never seen in the history of the united states the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> so here we stand again on the precipice of a possible economic catastrophe if in fact the showdown over the budget results in a government shutdown. you can count on democrats and republicans blaming each other. >> seems like we've been through this before. reporting live from washington, thank you. >> more than 100 retirees and detroit residents filed objection to detroit's bankruptcy declaration. today, those people will have a chance to voice their legal arguments in a hearing in front of a bankruptcy judge. what are we expecting to hear in the bankruptcy court today? >> well i can tell you many of these residents coming to federal court today are
the second date, the debt ceiling limit. the speaker and republicans want to tie an increase in the debt ceiling to a reduction in domestic spending. here's what president obama has to say about that. >> you have never seen in the history of the united states the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> so here we stand again on the precipice of a possible economic catastrophe if in fact the showdown over...
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118
Jan 19, 2013
01/13
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eye 118
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i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was
i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not...
WHUT (Howard University Television)
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71
Oct 8, 2013
10/13
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WHUT
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eye 71
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and the fact that we hit the debt ceiling and that's going to mean not paying the interest on the debt, not paying social security, that's very dangerous stuff to say. and it's not going to happen. if we hit the debt ceiling-- . >> rose: so people who say look, if we have to default we have to default, are just simply not recognizing reality of what it would mean. >> exactly. if we get to the debt ceiling, and the government doesn't have the right to borrow more, we still collect taxes. the government still collects taxes. enough taxes to pay the interest on the debt, to pay the social security benefits and to pay other things. can't pay for everything but it can certainly avoid defaulting on the debt. it can certainly avoid not paying social security checks. and so that's goin and i think -- >> i don't know. you have to be a little careful with that. because the money comes in but it's 30 to 40%, the burn rate is 30 to 40% above what the money would go out on. treasury has always held to the position that they are not allowed or they are not able to prioritize who would get paid. nobo
and the fact that we hit the debt ceiling and that's going to mean not paying the interest on the debt, not paying social security, that's very dangerous stuff to say. and it's not going to happen. if we hit the debt ceiling-- . >> rose: so people who say look, if we have to default we have to default, are just simply not recognizing reality of what it would mean. >> exactly. if we get to the debt ceiling, and the government doesn't have the right to borrow more, we still collect...
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Oct 10, 2013
10/13
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MSNBCW
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let's raise the debt ceiling and have the fight over the shut down. that raised the debt ceiling. they send the letters to house republicans and saying abortion should be part of any deal. they are so divided on what they want here. >> the question i have is it feels like john boehner and eric kantor had the problem since the start. there four dozen republicans who believe on first principal that obama care is bad law and bad for the country and the economy. it's all tied in. how do you convince those folks to let's say vote for a clean debt ceiling bill. is that possible or do you expect if there is a short-term deal that it will be something attached as a souvenir? >> one of the biggest ironies is i don't think whatever yawn boehner and eric kantor will flee the 40 to 50 house conservatives and this is why people like john mccain are there and the gallup poll shows the republican party is at an all time low, lower than in the clinton impeachment. this is difficult for the republicans. >> i'm glad you mentioned those numbers. it's such a division and we have seen the republicans.
let's raise the debt ceiling and have the fight over the shut down. that raised the debt ceiling. they send the letters to house republicans and saying abortion should be part of any deal. they are so divided on what they want here. >> the question i have is it feels like john boehner and eric kantor had the problem since the start. there four dozen republicans who believe on first principal that obama care is bad law and bad for the country and the economy. it's all tied in. how do you...
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Jan 15, 2013
01/13
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CNBC
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he voted against the debt ceiling i believe in 2006. why all of a sudden does he not want have to have negotiations? >> i think will's happened, larry, is that the president spent 2011 and 2012 with republicans squeezing him on his priorities, having opposed him during the first two years of his presidency. then that really had the wind at their back. the tea party election of 2010 had given republicans very big numbers on the hill. and he's decided that he backed up, and he backed up and he backed up, and he's not going to back up anymore. he took his argument to the american people in the election. he won the election. they held the house, that is true. but he's decided that he's been vindicated by public opinion broadly, and he's going to try to hold that ground. the question is going to be, larry, at the end of the year on the tax issue, he had the hammer behind him of the expiration of all the bush tax cuts. he does not have that hammer right now. what he has is the prospect of a catastrophic standoff between republicans and democr
he voted against the debt ceiling i believe in 2006. why all of a sudden does he not want have to have negotiations? >> i think will's happened, larry, is that the president spent 2011 and 2012 with republicans squeezing him on his priorities, having opposed him during the first two years of his presidency. then that really had the wind at their back. the tea party election of 2010 had given republicans very big numbers on the hill. and he's decided that he backed up, and he backed up and...
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the problem is not the debt ceiling. the debt ceiling is the symptom. the disease is the lack of a budget. and they're fighting over this thing that could send some very bad signals to the world. china overnight, foreign ministry making comments about how they hope the united states will raise the debt ceiling after all. you talk about our foreign bankers, chinese, japanese and, you know, lots of amenities in the caribbean islands. we are our biggest banker. social security trust fund is invested in treasury bonds. if we don't pay the interest on our treasury bonds or do just only pay the interest on the treasury bonds but start to default on other obligations, like obligations to seniors it sends a very destabilizing signal to the rest of the world. >> it it's not like we haven't grappled with this before. just the debate over that caused thoo's things to happen. we'll review this. in 2011 during the last debt ceiling fight, consumer confidence tumbled. s&p lost nearly 20%. small businesses cut back on hiring and our credit rating got cut for the first
the problem is not the debt ceiling. the debt ceiling is the symptom. the disease is the lack of a budget. and they're fighting over this thing that could send some very bad signals to the world. china overnight, foreign ministry making comments about how they hope the united states will raise the debt ceiling after all. you talk about our foreign bankers, chinese, japanese and, you know, lots of amenities in the caribbean islands. we are our biggest banker. social security trust fund is...
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Jan 16, 2013
01/13
by
CSPAN2
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eye 56
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the debt ceiling, raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating sank i know how we can save money, we won't pay off credit card bills. not the most effective way to improve your credit rating. it was the very slow solution to the debt ceiling in august 2011 i got the u.s. downgraded last time. so it's very, very important that all these issues are important but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. as you mention it certainly went part way but it leaves another the issues still on the table, and additional negotiations and are looking. would you characterize that as an additional clip that is facing us, or do you think that
the debt ceiling, raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating sank i know how we can save money, we won't pay off credit card bills. not the most effective way to improve your credit rating. it was the very slow solution to the debt ceiling in august 2011...
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146
Jan 1, 2013
01/13
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CSPAN2
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eye 146
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because in 60 days three things come together: the debt ceiling, what's the debt ceiling? america's mortgage. when we spend money for a war, for the department of agriculture, whatever it happens to be, ultimately we borrow 40 cents for every dollar we spend. so every president is forced to renew the mortgage, the debt ceiling of the united states. i think under president ronald reagan it was down over and over again, many times without even a record voavment bu vote. in a matter of 60 days or so, we'll face another need to renew america's mortgage; in other words, the full faith and credit of the united states government of the and that is going to be contentious, a matter of debate. at the same time, the continuing resolution, our temporary spending bill, expires. at the same time, the sequestration conviction in, which is -- sequestration kicks in, which is automatic spending cuts. so we'll have another challenge. let's hope we learned a lesson from this one. the american people are sick and tired of incompetence and political posturing and failure of congress to come t
because in 60 days three things come together: the debt ceiling, what's the debt ceiling? america's mortgage. when we spend money for a war, for the department of agriculture, whatever it happens to be, ultimately we borrow 40 cents for every dollar we spend. so every president is forced to renew the mortgage, the debt ceiling of the united states. i think under president ronald reagan it was down over and over again, many times without even a record voavment bu vote. in a matter of 60 days or...
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Jan 15, 2013
01/13
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there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a taxpayer. he said he does not want to become a taxpayer. this is taxation without representation. they have to get this under control. they need a dyiet. host
there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there...
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Jan 23, 2013
01/13
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CSPAN
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ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit reduction. so the use of the debt ceiling for the purpose that is ascribed to this one does not have a history that supports its use for this purpose. and so to the extent that you have the ability to look at this issue, i would urge that this is not only a dangerous precedent but a very likely problem for the economy when we need to emphasize economic growth and jobs. so i say that in a somewhat sober way because of what happened before. thank you. >> thank you very much. i'd like to welcome mr. brady, former chairman of the house administration committee, who'
ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit...
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May 21, 2013
05/13
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CSPAN2
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it is the debt ceiling and whether the senate will be able to raise the debt ceiling using a procedural back door that would allow only 51 votes. my friend from nevada, my friend from washington state, both of them could go to conference on the budget right now today if they would simply agree that this budget would not be used as a back door to use a procedural trick to raise the debt limit not on 60 votes but on 50 votes. now, i commend their candor because neither one of them is willing to make that representation, and that is commendable, but i would point out in the budget we debated nothing in that budget raised the debt ceiling, and i would suggest, madam president, that the american people are not interested in procedural games. i think they're tired of games by the democrats and they're tired of games by the republicans. what they are interested in is leadership in this body to address the enormous fiscal and economic challenges facing this country. our national debt is nearly $17 trillion. it is larger than the size of our entire economy. the last four years our economy has gr
it is the debt ceiling and whether the senate will be able to raise the debt ceiling using a procedural back door that would allow only 51 votes. my friend from nevada, my friend from washington state, both of them could go to conference on the budget right now today if they would simply agree that this budget would not be used as a back door to use a procedural trick to raise the debt limit not on 60 votes but on 50 votes. now, i commend their candor because neither one of them is willing to...
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Oct 8, 2013
10/13
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now congress is facing off over the debt ceiling. congress says it will move along with raising the debt limit. >>> chemical weapons stockpile some suggest bashar al-assad play have annanallal tear i dont remember motive. >> and where world leaders look up -- look to recognition wind up the asia-pacific economic cooperation to threaten the world economy. >>> with welcome to al jazeera, i'm stephanie sy. hundreds of thousands of americans are still unable to return to work but the possibility of a new crisis is coming into focus. if congress fails to raise the debt ceiling the government will be unable to pay its bills by next week. al jazeera white house correspondent mike viqueira has more. >> there is growing concern over white house officials and economists that the government is coming way to close playing with fire, about to bust that debt ceiling without action from congress, there doesn't appear to be movement towards a settlement, john boehner says bhiewhile he's not simply going ohand president obama a clean rise of the debt
now congress is facing off over the debt ceiling. congress says it will move along with raising the debt limit. >>> chemical weapons stockpile some suggest bashar al-assad play have annanallal tear i dont remember motive. >> and where world leaders look up -- look to recognition wind up the asia-pacific economic cooperation to threaten the world economy. >>> with welcome to al jazeera, i'm stephanie sy. hundreds of thousands of americans are still unable to return to...
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Sep 19, 2013
09/13
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> senate democrats say they will reject any house bill that strips money from the president's health care law. >>> moving now to an nbc exclusive. for the first time, millions of americans are hearing from the new president of iran. ann curry flew to rap to interview the leader. he says iran and people are now a different country, one willing to make a deal. >> can you say that iran will not build a nuclear weapon under any circumstances? >> translator: the answer to this question is quite obvious. we have time and again said that under no circumstances would be seek any weapons of mass destruction including nuclear weapons. nor will we ever. >> he also confirmed he has exchanged letters with president obama. he calls them tiny steps for an important future. that future starts next week. at the u.n. where a meeting with mr. obama is not off the table. the white house says i
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> senate democrats say they will reject any house bill that strips money from the president's health care law. >>> moving now to an nbc exclusive. for the first time, millions of americans are hearing from the new president of iran. ann curry flew to rap to interview...
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Oct 10, 2013
10/13
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host: this is the debt ceiling alternative act? guest: the debt ceiling alternative act. let's actually walk through what the $900 billion that i believe the white house is ultimately requesting really is. $300 billion of that is the payback for what they call the extraordinary measures. social security, civil service retirement, the funds that they've borrowed out of. when they talk about extraordinary measures, they're reaching into different trust accounts and using those resources to continue to inance the government. the shortfall going to 2014, $237 billion of that is actually the interest. the house has passed legislation back last spring that is referred to as a prioritization bill. but what it really did was take interest and make it exempt from the debt ceiling, so you'd never, ever allow someone to use that word, well, we are going to default on our interest payments, which is, as you see from the letter yesterday, from bill gross, from pimco and others, said it's absurd language, we should not be using that type of some hillness. and then for the remaining por
host: this is the debt ceiling alternative act? guest: the debt ceiling alternative act. let's actually walk through what the $900 billion that i believe the white house is ultimately requesting really is. $300 billion of that is the payback for what they call the extraordinary measures. social security, civil service retirement, the funds that they've borrowed out of. when they talk about extraordinary measures, they're reaching into different trust accounts and using those resources to...
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allowing the united states to default on its debt by not raising the debt ceiling would be catastrophic to the global economy just playing with the idea back in two thousand and eleven led markets to tumble and our national credit rating to be downgraded the republican hostage takers are undeterred and the cable news media is giving them cover by not calling out just how dangerous their brinksmanship is united states is long had a policy of not negotiating with terrorists today republicans are acting like economic terrorists and could do far more harm to our economy by defaulting on our debt than al qaeda could ever have dreamed of. so why should they be negotiated with joining me now to answer that is neil mccabe senior reporter with human events online and editor of the guns and patriots column and welcome back to the top good to have you with us so you know if you would you know i guess one of the rules of hostage taking sure is you don't take a hostage unless you're willing to kill or at least kneecap the hostage right if you know if your threat isn't isn't serious so are the republ
allowing the united states to default on its debt by not raising the debt ceiling would be catastrophic to the global economy just playing with the idea back in two thousand and eleven led markets to tumble and our national credit rating to be downgraded the republican hostage takers are undeterred and the cable news media is giving them cover by not calling out just how dangerous their brinksmanship is united states is long had a policy of not negotiating with terrorists today republicans are...
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Oct 7, 2013
10/13
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debt ceiling increase. there were many republicans that did not want to go this route, tactically, with the government shutdown and spending. they wanted to pass a clean continuing resolution. they did not have the same level of support at all for the clean cr. i think that over the next few days by the end of the week we will know sort of what they are wrangling to negotiate as a part of this. host: so, what did we hear from the administration yesterday? caller: they are not going to increase the federal borrowing limit. democrats are trying to break the precedent set in 2011. senate democrats and the administration are freaking out about this. >> what does this mean for the government shutdown? >> it means that the government to shut down until the debt ceiling is resolved. both sides are pretty dug in around the shutdown and if you ask them why, they will say that if they give here, imagine what the other side will do on the debt ceiling. i think that both of these wind up getting wrapped up together. th
debt ceiling increase. there were many republicans that did not want to go this route, tactically, with the government shutdown and spending. they wanted to pass a clean continuing resolution. they did not have the same level of support at all for the clean cr. i think that over the next few days by the end of the week we will know sort of what they are wrangling to negotiate as a part of this. host: so, what did we hear from the administration yesterday? caller: they are not going to increase...
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Oct 13, 2013
10/13
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republicans blocking the effort to move the debt ceiling bill that would've extended the debt ceiling into 2014. a washington post sunday opinion piece about the effects of the shutdown of one particular worker. shutdown -- what happens when public servants cannot serve. the writer is the director of house -- housing and urban development special needs. that thee writes shutdown is a further affront to public servants who take their jobs and missions seriously as well as those americans who rely on us and our government. progress on our mission -- which is to end homelessness -- is already, undeniably, been compromised. so has the work of the public servants to protect the foodonment, monitor public safety, run our national parks, buyers,loans for home and so much more. that is an opinion piece from this morning. that's go to florida now. ann -- caller: that's right. mortgages are affected and everything. they should never have those parties dancing in the aisles and all of that when this money is so important and the economy is so bad. never. huntington, west virginia, john on the in
republicans blocking the effort to move the debt ceiling bill that would've extended the debt ceiling into 2014. a washington post sunday opinion piece about the effects of the shutdown of one particular worker. shutdown -- what happens when public servants cannot serve. the writer is the director of house -- housing and urban development special needs. that thee writes shutdown is a further affront to public servants who take their jobs and missions seriously as well as those americans who...
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Jan 2, 2013
01/13
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FOXNEWSW
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your concern, the market's concern about the long-term debt situation really this debt ceiling debate over the next six wes
your concern, the market's concern about the long-term debt situation really this debt ceiling debate over the next six wes
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Oct 14, 2013
10/13
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KRON
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not only for the debt ceiling. as well as funding the government, which has been partially shut down now for 14 days senate majority leader harry reid and minority leader mitch mcconnell spoke yesterday but failed to agree on a deal to raise the nation's borrowing authority above the 16- point-seven trillion dollar debt limit or reopen the government. that deadline is this thursday. the u.s. government actually hit the debt ceiling in may forever however, the treasury is still scrambling funds from one place to another. >> a san francisco man is back home this morning after he went missing for more than two weeks in mendocino national forest. 72-year-old gene penaflor was missing for 18 days when he was on a hunting trip with friends. he was found by another group of hunters over the weekend. penaflor says he slipped and fell in a steep terrain. mendocino county officials say penaflor ate animals and covered himself with leaves to stay warm. >> coming up or americans are decided to stay on the job instead of retire
not only for the debt ceiling. as well as funding the government, which has been partially shut down now for 14 days senate majority leader harry reid and minority leader mitch mcconnell spoke yesterday but failed to agree on a deal to raise the nation's borrowing authority above the 16- point-seven trillion dollar debt limit or reopen the government. that deadline is this thursday. the u.s. government actually hit the debt ceiling in may forever however, the treasury is still scrambling funds...
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Sep 28, 2013
09/13
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ceiling, debt limit fight. as i mentioned in the previous segment, bloomberg came out with a poll showing 6 in 10 americans want to see spending cuts attached to the debt limit. we want to see that you're fiscally responsible -- >> the first part of what you said, i don't think anyone will deny -- it's difficult to argue spending under the obama administration, when you consider per capita spending since eisenhower, it's the lowest it's been since eisenhower. that's fact. >> the american people say in this poll, even with the caveat that it means that we default on our debt, six in 10 still want to see spending cuts. it's smart for republicans to attack it because that's what the people want. >> here's the thing. the idea that the republicans are thinking about the fiscal responsibility and what people want, is nonsense. they're playing politics around specifically wanting to create a situation where obama is once again looks to fail. but the real price, people talk about the politics, but the price that is pai
ceiling, debt limit fight. as i mentioned in the previous segment, bloomberg came out with a poll showing 6 in 10 americans want to see spending cuts attached to the debt limit. we want to see that you're fiscally responsible -- >> the first part of what you said, i don't think anyone will deny -- it's difficult to argue spending under the obama administration, when you consider per capita spending since eisenhower, it's the lowest it's been since eisenhower. that's fact. >> the...
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Oct 8, 2013
10/13
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CSPAN2
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ceiling or not raising the debt ceiling, 44% said don't raise the debt ceiling. 22% said raise the debt ceiling. i realize we have more choices than that. there could be coupled together with the raising of the debt ceiling some real reforms of our broken entitlement programs, to shore up social security and medicare. but our colleagues and the president of the united states himself has said, no, i'm not going to negotiate. no, i want a clean debt ceiling. no, i want the freedom to max out the credit card another trillion dollars without doing anything to pay off the debt that threatens our country, not only our future prosperity but our national security. i remember very clearly admiral mike mullen, chairman of the joint chiefs of staff, when he was asked what the greatest national security threat to the united states there was, and he said, "the national debt." why would our colleagues -- why would the president of the united states -- ignore what the chairman of the joint chiefs of staff called the most significant national security throat our quun by saying, we're not interested in
ceiling or not raising the debt ceiling, 44% said don't raise the debt ceiling. 22% said raise the debt ceiling. i realize we have more choices than that. there could be coupled together with the raising of the debt ceiling some real reforms of our broken entitlement programs, to shore up social security and medicare. but our colleagues and the president of the united states himself has said, no, i'm not going to negotiate. no, i want a clean debt ceiling. no, i want the freedom to max out the...
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Oct 8, 2013
10/13
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ceiling, meeting the debt ceiling on october 17th. that is what is going on on capitol hill today and washington. we want to keep your voice is and take your calls until the rules committee begins its meeting in just a few minutes. patty in alexandre arkansas on the republican line. it is the number eight for the government shut down. what do you think? has it affected you? >> caller: you've got the people that have been the backbone, the grocery store workers, department store workers and all these workers they rarely get minimum wage and they can cut down to 28 hours. how are they supposed to put food on the table or put their kids in school on 28 hours? we are a poverty nation but we are forced to buy something we don't want to buy, not at this time. why is it being forced down our throat be? i am for boehner and republicans. senator mark pryor better take a look at this. thank you. >> host: jones, a democrat in tennessee. you are on c-span right now. >> caller: hello. glad to be on a pity i tried to get through. but i have a quest
ceiling, meeting the debt ceiling on october 17th. that is what is going on on capitol hill today and washington. we want to keep your voice is and take your calls until the rules committee begins its meeting in just a few minutes. patty in alexandre arkansas on the republican line. it is the number eight for the government shut down. what do you think? has it affected you? >> caller: you've got the people that have been the backbone, the grocery store workers, department store workers...
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since 2001, congress has raised the debt ceiling eleven times. the bill will increase the nation's 16-point-4 trillion dollar debt limit by about 450 billion dollars. coming up next the latest in alabma where a child hostage situation enters its fourth day. plus a student is in custody after opening fire inside a middle school in atlanta. and another cabinet member in president obama's administration announces his resignation. [ washer and dryer sounds ] for the things you can't wash, freshen them with febreze. febreze eliminates odors and leaves a light fresh scent. febreze, breathe happy. we're learning more about the alleged gunman who continues to hold a young boy hostage in an underground bunker in alabama. locals describe 65-year-old jimmy lee dykes as a mean and reclusive man who worried about being abducted by aliens. on tuesday, dykes allegedly pulled the 5-year-old boy off his school bus after shooting and killing the driver. dykes has been holding him hostage in an underground bunker in his backyard. through a 60-foot pipe, dykes has a
since 2001, congress has raised the debt ceiling eleven times. the bill will increase the nation's 16-point-4 trillion dollar debt limit by about 450 billion dollars. coming up next the latest in alabma where a child hostage situation enters its fourth day. plus a student is in custody after opening fire inside a middle school in atlanta. and another cabinet member in president obama's administration announces his resignation. [ washer and dryer sounds ] for the things you can't wash, freshen...
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Jan 3, 2013
01/13
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CNBC
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this time it's the debt ceiling fight. they're worried even as it seems the market has a tremendous case of seller's remorse. they're scared. even as it seems those who fled the market year end are in there buying back the same stocks we sold when we looked certain to plunge into the fiscal abyss. how else do you explain how we got the best first day of the year for the s&p since 2009? let's just take a moment to smell the 2012 roses. no one else did, because they seemed to smell pretty good to me, and it's easy to go right past them without an ounce of thought. not tonight, not for me. i'm not advocating wearing these. i'm not wearing rose-colored glasses. i'm saying there are some genuine roses out there totally invisible to the naked eye, that i heard very few people celebrate today. that ends here. look, let's talk "mad money" manifesto for a moment. my job, what is it? it's pretty simple, right? it's to try to help you make money. i may not always be right, i'm first to admit it, okay? but i know there's an opportunis
this time it's the debt ceiling fight. they're worried even as it seems the market has a tremendous case of seller's remorse. they're scared. even as it seems those who fled the market year end are in there buying back the same stocks we sold when we looked certain to plunge into the fiscal abyss. how else do you explain how we got the best first day of the year for the s&p since 2009? let's just take a moment to smell the 2012 roses. no one else did, because they seemed to smell pretty...
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May 22, 2013
05/13
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the debt ceiling. the 30 been discussed. what i'm saying is why are we sitting at a table to stay, democrats and republicans, house and senate working on differences. most american people say is not why we sent you to washington? >> out as my friend, isn't it bizarre this whole exercise we are going through what are asking them a bus to go to conference with a body that is dominated by the members of our party. we don't have apparently enough confidence that the majority of the conference appointed by the other side of the capitol will be a majority of republicans and not democrats, is not a little bit bizarre? i will be very honest with my colleague from illinois. we are talking about a minority within a minority because the majority of my colleagues in the united states senate on this side of the aisle with motions to instruct the conferees want to move forward and appoint these conferees and do what every american family has to do in america and that is to have a budget. >> i yield the floor. at thi
the debt ceiling. the 30 been discussed. what i'm saying is why are we sitting at a table to stay, democrats and republicans, house and senate working on differences. most american people say is not why we sent you to washington? >> out as my friend, isn't it bizarre this whole exercise we are going through what are asking them a bus to go to conference with a body that is dominated by the members of our party. we don't have apparently enough confidence that the majority of the conference...
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Oct 14, 2013
10/13
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if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme court might rule. order me asation is treasury secretary to pay the bills as they come in on time and in full, and those people who feel they have been aggrieved can take this to the supreme court. host: what has the white house said about the option? guest: that line of reasoning has been rejected. i think i know why. they do not want that situation to recur. they are not want the president -- host: sounds like you think the option might be on the table. guest: i do not know what secretary lew will recommend. for me it is a bina
if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme...
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Jan 18, 2013
01/13
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FBC
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next few months, with this debt ceiling fight. and try to extract more spending cuts out of democrats over the next few months. but again it has become clear through this strategy, appears we're going to have these spending and budgeting fight pretty much every few months in washington, as no long-term strategy is yet to emerge. back to you. ashley: you're thrilled by that, rich edson, thanks so much. tracy: poor guy. all right, let's talk more about that. house republicans laying out their strategy in this debt ceiling fight but will this no budget, no pay thing work to address our physical problems? joining us now, douglas holtz-eakin, president of the american action for rim. rich is talking about we're basically punting the debt ceiling three months. should the republicans drop the debt ceiling fight all together and focus on sequester, continuing resolution? they probably have more room to fight? >> getting it in this order, putting debt ceiling last, other bills first is to their advantage because they're fighting about spen
next few months, with this debt ceiling fight. and try to extract more spending cuts out of democrats over the next few months. but again it has become clear through this strategy, appears we're going to have these spending and budgeting fight pretty much every few months in washington, as no long-term strategy is yet to emerge. back to you. ashley: you're thrilled by that, rich edson, thanks so much. tracy: poor guy. all right, let's talk more about that. house republicans laying out their...
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Oct 9, 2013
10/13
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raise the debt ceiling. and then you negotiate. this game of chicken is costing economicry too much doom or failure. a lot of heartache. i think the president was very authentic and genuine today. i did not even vote for him in two elections, but the republicans are doing him a disservice, the way they are holding the country hostage. they failed to win. you know what? when midterm elections come, they are going to lose even more. >> they will be back at me in taking up a couple of republican sponsored bills. one would be partial funding for the federal aviation administration. the other is with the payment of death benefits to veterans. the army times is writing about that this evening in the headline. -- here we go.s shutdown of death benefits for military families. number ofa growing military families are facing temporary denial of the $100,000 gratuity benefit the defense department typically provides after service members are killed while on active duty. they say at least 17 troops have died, since the shutdown began october 1
raise the debt ceiling. and then you negotiate. this game of chicken is costing economicry too much doom or failure. a lot of heartache. i think the president was very authentic and genuine today. i did not even vote for him in two elections, but the republicans are doing him a disservice, the way they are holding the country hostage. they failed to win. you know what? when midterm elections come, they are going to lose even more. >> they will be back at me in taking up a couple of...
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Oct 10, 2013
10/13
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CNBC
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service since 1978, congress has voted to raise the debt ceiling 53 times, 27 of those or 51%, the debt limit increase of tied to other reforms. i assume you're aware that more often than not the debt ceiling is raised with other policy or reforms. if you're so aware of that history, why do you and president obama continue to use the talking point that negotiating on a debt limit bill is unprecedented when the facts demonstrate otherwise? >> well, senator, i don't think that is an accurate version of history, certainly not what i recall, having lived through many of the budget debates overs last 39 years. overly three of them have involved the debt limit. it's not the case that most budget agreements involve the debt limit. if you look at those that did involve the debt limit, several of them the dealt limit was just added on to a bill. it was not driving the debate. what i think changed in 2011 is the affirmative case was made in 2011 that a certain faction -- i'm not saying it's people in this room but if a certain faction did not get their way -- that's not how our democratic system
service since 1978, congress has voted to raise the debt ceiling 53 times, 27 of those or 51%, the debt limit increase of tied to other reforms. i assume you're aware that more often than not the debt ceiling is raised with other policy or reforms. if you're so aware of that history, why do you and president obama continue to use the talking point that negotiating on a debt limit bill is unprecedented when the facts demonstrate otherwise? >> well, senator, i don't think that is an...